Today, Ranking Member Pat Toomey (R-PA) of the Senate Banking Committee issued a press release through the Committee urging Congress not to move forward with new cryptocurrency information reporting text of the infrastructure bill. Calling the language ‘unworkable’, he proclaimed that he would be offering
Bitcoin prices have been trading primarily between $30,000 and $42,000 since late May, but recently, they have repeatedly attempted to mount convincing breakouts. In the last week, the cryptocurrency surpassed the upper limit of the aforementioned range multiple times, CoinDesk figures show. It reached $42,351.93,
There has been quite a bit of controversy surrounding the inclusion of crypto taxation in the $1 trillion infrastructure bill before the U.S. Congress. However, should the bill pass there is one clear benefit for investors – it will become much easier to understand and
As demand continues to grow for crypto investors to make payments with digital assets, $1.9 billion trading platform Voyager Digital Ltd. is making a big push into the space. Announced today, the publicly-listed firm has acquired Denmark-based crypto payment platform Coinify in an $85 million
Policymakers around the world have been exploring central bank digital currencies (CBDCs), digital fiat currencies designed to be issued and controlled by these financial institutions. More than 50 central banks and monetary authorities are researching CBDCs, according to figures provided by the Bank for International
Pity the Fed monetary policy wizards. Pity them their tools. Pity them their true distance from the levers of the economy. Pity them their view through the keyhole into the enormous room of the US economy and through it the vistas of the world economy
Binance, the world’s largest crypto exchange by trading volume, is starting to cease its futures and derivatives offerings throughout Europe as regulators around the world zero-in on the exchange. As of today, Binance clients in Germany, Italy, and the Netherlands will no longer be able
As cryptocurrency markets continue to remain uncertain this summer, following China’s official ban on financial institutions from providing cryptocurrencies services, and upcoming FATF (Financial Action Task Force) recommendations, retail investors are reminded that the biggest hurdle to mainstream cryptocurrency adoption continues to be the global
Brian Brooks is the CEO of Binance.US, U.S. franchise of the world’s largest cryptocurrency exchange Binance.com. Before joining Binance.US, Brooks served as Acting Comptroller of the Currency at the U.S. Office of the Comptroller of the Currency (OCC) from May 29, 2020 to January 14,
Coca-Cola is harnessing its history of collectibles with a first NFT as marketers continue experimenting with the intersection of cryptocurrency and culture. The Atlanta-based beverage giant is selling a series of four NFTs—known as non-fungible tokens—that will be sold as a single asset with proceeds